Proximus business, branded NXT, saw mobile services revenues decline 3.9 per cent in the first quarter of this year compared to Q1 of 2024. It lost 15,000 mobile phone subscribers due to ‘an exceptionally high customer churn in the ME-segment’.
Overall, the business unit’s revenue increased by €8m to €512m (+1.5%). This was supported by growth in IT Products, up +15.6% to an exceptionally high total of EUR 75 million. Business Services revenue was down by -0.7% year-on-year, despite ongoing healthy growth in revenue from IT Services, up by +4.3%. Fixed Data services continued to grow revenue as well, up +0.8% year-on-year driven by higher revenue from Internet services. Additionally, revenue from Fixed Voice services continued its gradual decline, decreasing by -6.6% for the first quarter 2025.
In aggregate, the Proximus Group underlying revenue totaled EUR 1,636 million for the first quarter of 2025, up +1.5% on a pro-forma basis (+8.8% reported), driven by an increase both in Domestic and Proximus Global revenue. The Underlying Group EBITDA totaled EUR 481 million, a year-on-year increase of +2.8% on a pro-forma basis (+6.0% reported).
